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31722621
31722623

8 Winchester Plz, Winchester, KY 40391

JC
CA 01915138
SRS Real Estate Partners Newport Beach
JR
CA CA 01928036
SRS Real Estate Partners Newport Beach
KZ
CA 02222176
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$12,483,000
59 days on market
Updated 51 days ago

Winchester Plaza | Anchored Retail

Details
APN 042-0000-030-00
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 131,284
Cap Rate 7%
NOI $873,792
Occupancy 95%
Tenancy Multi
Price per SqFt $95
Year Built 1969
Acreage 11.000
Zoning B-2
Parking Spaces 498 spaces
Parking Per SqFt 3.79
Ownership Fee Simple (Land & Building)

Retail | 7.00% CAP | 131,284 SqFt

Marketing description

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in Winchester Plaza, a TJ Maxx, Aldi, Five Below, and Dollar Tree anchored center located in Winchester, Kentucky. The center consists of a diverse, ecommerce resistant tenant lineup comprised of retail, service, and restaurant tenants, creating a stabilized income stream for a passive investor. In addition, a majority of the current in-place tenant lineup has occupied the site for longer than 10 years, further highlighting the strength of the site and immediate subject trade area. TJ Maxx (S&P: A), Dollar Tree (S&P: BBB), Five Below, and Aldi have all executed new leases within the past two years, underscoring their long-term commitment to the center and highlighting the intrinsic value of the underlying real estate. Situated on a 11-acre parcel, the property includes excess land and offers a value-add pad development opportunity, allowing investors to generate additional income through a ground lease or build-to-suit (BTS) development (see Site Plan on Page 19 for details).

Investment highlights

  • TJ Maxx, Dollar Tree, Aldi, and Five Below Anchored Center | Potential Pad Development | Brand New Aldi and Dollar Tree Leases
  • Strong National/Credit Tenants | Dense Retail Corridor | Kroger Plaza (131,000 SF Neighborhood Center)
  • Signalized, Hard Corner Intersection | Excellent Visibility |Multiple Nearby Apartment Complexes | Centralized Location
  • Strong Demographics In 5-Mile Trade Area | Direct Consumer Base

Listing Contacts

JC
CA 01915138
SRS Real Estate Partners Newport Beach
JR
CA CA 01928036
SRS Real Estate Partners Newport Beach
KZ
CA 02222176
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$873,792.00
$72,816.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Sarah Shanks
License
KY License No. 271256
Brokerage
SRS Real Estate Partners, LLC
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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